Fashion
Coca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust their strategies to consumers looking for healthier and...
Intel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships.[SAN FRANCISCO] When the chairman of artificial intelligence (AI) chip startup Rivos wanted Intel to bid...
Connecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific
Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers[SINGAPORE] The appointment of Nobuya Kawasaki as chief executive for...
Bank of America CEO expects markets revenue to jump in fourth quarter
[NEW YORK] Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high single-digit percentage and 10 per...
Oil settles higher after US seizes tanker off Venezuela’s coast
[NEW YORK] Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies. Brent crude futures rose...
Temu’s Europe HQ raided as part of EU foreign-subsidy probe
[BRUSSELS] Temu’s European headquarters in Dublin have been hit by raids by European Union competition watchdogs, amid suspicions the Chinese e-commerce giant may have received unfair subsidies from Beijing....
US stocks close higher after Fed cuts interest rates
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on...
Ultragreen.ai’s stabilising manager buys 2.3 million shares in fifth stabilising action since IPO
Citigroup Global Markets Singapore has now bought around 17.7 million shares of the medical technology company’s shares[SINGAPORE] The stabilising manager of Ultragreen.ai purchased about 2.3 million shares of the...
Wall Street subdued at open ahead of Fed interest rate verdict
[NEW YORK] Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an...
Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
It will raise around S$1.2 million in net proceeds if the offer is fully subscribed[SINGAPORE] As part of its proposed transfer to the Singapore Exchange (SGX) mainboard, Catalist-listed engineering...
